Asia · Financial press · The Economic Times

Yes Bank bondholders press for compliance with Supreme Court's AT-1 order

Published by The Economic Times · India 38 min ago

Yes Bank AT1 bonds revived by court, but investors still await payments · The Economic Times

Detailed summary

Yes Bank bondholders filed a contempt petition in the Supreme Court regarding the restoration of AT-1 bonds. The Supreme Court upheld a ruling that set aside the lender's write-off of 84 billion rupees in bonds. Axis Trustee Services, representing the bondholders, asked for directions to enforce the court's ruling. Yes Bank had not complied with the restoration order, prompting the trustee's legal action.

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Yes Bank bondholders press for compliance with Supreme Court's AT-1 order

Detailed summary

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